Warby Parker: Difference between revisions

David Gilboa (co-CEO)}}

| revenue = {{increase}} US$670 million (2023)

| assets = {{increase}} US$580 million (2023)

| equity = {{increase}} US$302 million (2023)

}}

 

 

== History ==

 

The company was started in the [[Venture Initiation Program]] of the [[Wharton School of the University of Pennsylvania]], where the founders all studied.<ref name="Corbyn">{{cite web |last=Corbyn |first=Zoë |title=Take one start-up, add expertise and grow with care |url=http://www.ft.com/intl/cms/s/2/59f43594-c774-11e1-85fc-00144feab49a.html |date=September 24, 2012 |work=[[The Financial Times]] |access-date=June 20, 2013}}</ref> The company received $2,500 seed investment through the program and launched in February 2010.<ref name="Corbyn"/> Shortly after launching, the company was covered by ''[[Vogue.com|Vogue]]''.<ref name="Vogue">{{Citation|last=Bahrenburg|first=Genevieve|title=In Focus: Warby Parker Eyewear|date=February 22, 2010|url=http://www.vogue.com/vogue-daily/article/vd-in-focus-warby-parker-eyewear/#1|work=[[Vogue (magazine)|Vogue]]}}</ref> In May 2011, Warby Parker raised its first round of funding totaling $2.5 million. In September 2011, the company raised a [[Series A]] round of $12.5 million.<ref>{{Citation |last=McMhana |first=Ty |url=https://blogs.wsj.com/venturecapital/2011/09/22/stylish-eyewear-maker-warby-parker-tries-on-12m-in-funding/ |title=Stylish Eyewear Maker Warby Parker Tries on $12M In Funding |work=WSJ.com |date=September 22, 2011}}</ref> In fall 2012, it raised a $37 million [[Series B]] round,<ref>{{Citation |last=Primack |first=Dan |url=http://finance.fortune.cnn.com/2012/09/09/warby-parker-raises-36-million/ |title=Warby Parker raises $37 million |work=CNN Money |date=September 9, 2012}}</ref> with an additional $4 million announced in February 2013 with investors [[American Express]] and [[Mickey Drexler]].<ref>{{Citation |last=de la Merced |first=Michael J. |url=https://dealbook.nytimes.com/2013/02/24/j-crew-chief-and-american-express-invest-in-warby-parker/ |title=J.Crew Chief and American Express Invest in Warby Parker |work=[[The New York Times]] |date=February 24, 2012}}</ref> In 2011, Warby Parker shipped more than 100,000 pairs of glasses and had 60 employees.<ref>{{citation |url=http://gigaom.com/2012/03/26/at-warby-parker-the-power-of-branding-is-easy-to-see/ |title=At Warby Parker, the power of branding is easy to see |work=[[Gigaom]] |date=March 26, 2012}}</ref> By the end of 2012, the company had grown to around 100 employees. As of April 2015, the company was valued at $1.2 billion.<ref>{{cite news |url=https://blogs.wsj.com/digits/2015/04/30/eyeglass-retailer-warby-parker-valued-at-1-2-billion/ |title=Eyeglass Retailer Warby Parker Valued at $1.2 Billion |author=Douglas MacMillan |publisher=Wall Street Journal |date=April 20, 2015}}</ref>

On August 27, 2020, Warby Parker raised $245 million, valued at $3 billion. The $245 million was a combination of a Series F round and a Series G round.<ref>{{cite web|url=https://www.mg21.com/warbyparker.html |title=Warby Parker(JAND Inc.) |publisher=Usstock|date=2021-05-01}}</ref><ref>{{Cite news |url=https://techcrunch.com/2020/08/27/warby-parker-valued-at-3-billion-raises-245-million-in-funding/ |title=Warby Parker, valued at $3 billion, raises $245 million in funding |last=Crook |first=Jordan |date=August 27, 2020 |work=Techcrunch|access-date=August 27, 2020}}</ref>

 

 

== Retail model ==

 

== Products ==

 

== Corporate social responsibility ==